ICSG: April 2020 global copper market supply shortage of 86000 tons

SMM News: international copper industry research group (ICSG) said in its latest monthly report that the global refined copper market was short of 86000 tons in April and 3000 tons in March.

The refined copper market was oversupplied by 59000 tonnes in the first four months of this year, compared with a shortfall of 181000 tonnes in the same period last year, ICSG said.

In April, global refined copper production was 1.98 million tons and consumption was 2.07 million tons.

In April, China's bonded warehouses had a shortage of 131000 tons of copper, compared with a surplus of 2000 tons in March.

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